Panostaja Oyj

On May 31, 2024, at 16:30 EEST, Panostaja Oyj issued a Stock Exchange Bulletin regarding a manager's transaction. Tommi Juusela, a member of the Board and Deputy member, received a share-based incentive. The transaction took place on NASDAQ Helsinki Ltd, involving 10,256 shares at a unit price of 0 EUR. For more information, CEO Tapio Tommila can be contacted.

On May 31, 2024, at 16:30 EEST, Panostaja Oyj released a Stock Exchange Bulletin regarding a manager's transaction. Tarja Pääkkönen, a member of the Board/Deputy member, received a share-based incentive. The transaction took place on NASDAQ Helsinki Ltd and involved 10,256 shares at a unit price of 0 EUR. For further information, CEO Tapio Tommila can be contacted.

On May 31, 2024, at 16:30 EEST, Panostaja Oyj released a Stock Exchange Bulletin detailing a manager's transaction. Jukka Ala-Mello, a member of the board and deputy member, received a share-based incentive involving 20,514 shares at a unit price of 0 EUR. The transaction took place on NASDAQ Helsinki Ltd (XHEL) and was categorized as an initial notification with the reference number 64662/5/4. For more information, CEO Tapio Tommila can be contacted.

Panostaja Oyj has released a Stock Exchange Bulletin regarding a manager's transaction on May 31, 2024, at 16:30 EEST. Eero Eriksson, a member of the board and deputy member, received a share-based incentive. The transaction took place on NASDAQ Helsinki Ltd and involved 10,256 shares at a unit price of 0 EUR. The aggregated volume was also 10,256 shares with a volume-weighted average price of 0 EUR. For more information, CEO Tapio Tommila can be contacted.

On May 31, 2024, Panostaja Oyj announced changes in its own shares related to Board member fees. The Annual General Meeting (AGM) on February 7, 2024, decided that approximately 40% of the Board members' fees would be paid in company shares, provided their ownership is less than 1% of the total share capital. If a Board member's ownership exceeds 1%, the fee is paid fully in cash. Following this decision, Panostaja Oyj transferred a total of 51,282 shares to its Board members: Jukka Ala-Mello received 20,514 shares, Eero Eriksson, Tarja Pääkkönen, and Tommi Juusela each received 10,256 shares. Mikko Koskenkorva's fees were paid in cash due to his holdings exceeding the 1% threshold. After these transactions, Panostaja Oyj holds 487,787 shares. The company is an investment firm focused on developing Finnish companies in the service and software sectors and is listed on the Nasdaq Helsinki Stock Exchange.

Panostaja Oyj released its Half Year Financial Report for November 1, 2023, to April 30, 2024, highlighting mixed results. Despite advancements in development projects, delays in customer investment decisions led to weaker financial performance in some areas. Net sales for the second quarter dropped by 3.9%. Measures to improve profitability continued, with Grano's restructuring expected to save MEUR 4.5 annually. Hygga saw positive clinic business development, while CoreHW faced delays impacting net sales and profitability. Oscar Software's ARR software business grew, but expert services sales were modest. Overall, net sales improved slightly from the previous period. The corporate acquisition market showed increased activity, though still below the long-term average. Key financial figures showed a decrease in net sales and profitability, with significant challenges due to geopolitical and macroeconomic uncertainties. Panostaja remains focused on exploring new investment opportunities and managing existing ones.

Panostaja Oyj, a Finnish investment company, has written down approximately EUR 3.1 million of loan receivables connected to the vendor loan given during the sale of KotiSun Group Oy. The write-down covers the entire carrying amount of the loan receivable. The decision was made after a regular review of loan receivables valuation. The write-down will be recorded in the Q2 results for the fiscal year 2024, but will not impact Panostaja's comparable operating profit or cash flow. The company will publish its half-year financial report for November-April on 30 May 2024.